Bodycote (LON:BOY) Reaches New 1-Year Low - Here's What Happened

Bodycote plc (LON:BOY - Get Free Report)'s stock price reached a new 52-week low during trading on Friday . The stock traded as low as GBX 517 ($6.61) and last traded at GBX 518 ($6.62), with a volume of 4849 shares changing hands. The stock had previously closed at GBX 524 ($6.70).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 800 ($10.22) price objective on shares of Bodycote in a research note on Monday, March 24th.

Bodycote Stock Down 3.4 %

The company has a debt-to-equity ratio of 20.84, a quick ratio of 0.74 and a current ratio of 0.81. The firm has a market cap of £844.18 million, a price-to-earnings ratio of 14.18, a PEG ratio of 1.44 and a beta of 1.18. The business's 50 day moving average price is GBX 605.43 and its 200 day moving average price is GBX 606.55.

Bodycote Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, April 24th will be given a dividend of GBX 16.10 ($0.21) per share. This represents a yield of 2.8%. The ex-dividend date is Thursday, April 24th. This is a positive change from Bodycote's previous dividend of $6.90. Bodycote's dividend payout ratio (DPR) is currently 69.21%.

About Bodycote

The leading provider of heat treatment and specialist thermal processing services worldwide. Heat treatment encompasses a variety of techniques and specialist engineering processes which improve the properties of metals and alloys and extend the life of components and is a vital part of any manufacturing process. Bodycote is uniquely placed via our global network and the experience and knowledge of our people to offer high quality, reliable and cost-effective services to manufacturers whatever their size or market sector.